Bain Capital Ventures raises $600M for new fund

Bain Capital Ventures has raised $600 million for its latest fund, according to a securities filing. The Boston-based firm invests in startups from seed to growth stage.

SmartNews raises $38M for news discover app

SmartNews, a Tokyo-based news discovery app developer, has raised $38 million in a Series D round led by the Development Bank of Japan and joined by SMBC Venture Capital and Japan Co-Invest. The latest round values the company at between $500 million and $600 million, according to a TechCrunch report.

Regulators ban Theranos founder from operating labs for two years

U.S. Federal health regulators have banned Theranos founder Elizabeth Holmes from operating a blood-testing laboratory for at least two years and yanking regulatory approval for its California lab, according to a Wall Street Journal report. The move deals a major blow to Theranos, a one-time unicorn developing technology to perform tests using a few drops of blood.

IPO investors want Internet companies with 50% or higher growth.

What revenue growth does an Internet company need to tap public markets? Research shows rates tend to be at least 50 percent annually and often more than 200 percent. That’s the conclusion Redpoint’s Mahesh Vellanki reached after comparing pre-IPO growth for Internet companies in such sectors as social media, gaming, commerce and travel. Of course, high rates have a habit of reversing – as was the case for some of the fastest growing companies in the analysis, game developers King and Zynga, as well as commerce companies Groupon and Zulily.

Introducing new ways to access CrunchBase Data

Uncover new opportunities, discover industry trends, and build powerful apps using the Daily Excel Export or API.